Wendy's - Albany, GA

Quick Service Restaurants (QSR) / Posted 5 months ago by Karick Brown, Newmark Knight Frank / 172 views

  • Price : $1,807,926
  • Cap Rate : 5.25%
  • Net Operating Income : $94,916
  • Tenant : Wendy's
  • Lease Type : NNN
  • Lease Term Remaining (Years) : 14.7
  • Building Size (SF) : 2,515
  • Land Area (SF) : 23,958
  • Land Area (Acres) : 0.55
  • Year Built : 1997

DOMINANT NATIONAL TENANT | STRONG NATIONAL FRANCHISEE
Wendy’s is the third largest hamburger fast food chain worldwide with over 6,700 locations worldwide. Global system wide sales in 2020 are expected to reach $11.5B. The subject property is operated by BF Georgia (4 Albany locations & 3 Atlanta Locations), a subsidiary of Bridgeman Foods which is a large-scale conglomerate that spans 17 states and 370 locations including 195 Wendy’s. The Company has been received multiple prestigious awards from Wendy’s International, including The Hall of Fame Award for overall achievement and The Wendy Award for exemplary performance.

LONG TERM COMMITMENT | PASSIVE NNN LEASE | ZERO LANDLORD RESPONSIBILITIES
Wendy’s signed a new twenty (20) year lease in March 2015 that currently has approximately 14.7 years remaining in the primary term with four (4), five (5) year options. The triple-net (NNN) lease requires zero landlord responsibilities, with the tenant being responsible for all maintenance and repairs.

ANNUAL RENTAL INCREASES | INCOME GROWTH | HEDGE AGAINST INFLATION
The lease features attractive 1.25% annual rent increase throughout the primary and option term(s). Additionally, the store’s rent-to-sales ratio of <8% demonstrates the strength and viability of the location

LOCATED IN THE #1 BUSINESS CLIMATE STATE | HIGHLY VISIBLE & EASILY ACCESSIBLE DRIVE-THRU LOCATION
Georgia holds the record with 7 consecutive top state business climate wins from Site Selection’s annual rankings. The subject property is located in Albany, GA which has a population of approximately 80,000 and is situated between Tallahassee and Atlanta. Wendy’s is located along E. Oglethorpe Boulevard (22,166 VPD) and features easy access to Hwy-300 (22,651 VPD), with on/off ramp access to the west and a highly visible pylon sign.

1714 E. Oglethorpe BlvdGeorgia,31705

Matt Berres
Newmark Knight Frank

949-608-2066

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